Huili Resources (Group) Limited (HKG:1303) announced that valid applications pursuant to its Hong Kong public offer were received for 18.492 million Hong Kong offer shares, representing 7.4% of the shares in the share offer of 250 million shares or 74% of the 25 million Hong Kong offer shares initially available under the Hong Kong public offer.

All applicants who had applied for one board lot of the stock - 2,000 shares - were allotted the shares.

As the Hong Kong offer shares have not been fully subscribed, 6.508 million unsubscribed Hong Kong offer shares were re-allocated to the international placing.

The final number of international placing shares is 231.508 million offer shares, representing 92.6% of the offer shares.

Based on the offer price of HK$1.7 per offer share, the net proceeds from the share offer to be received by the company are estimated to be approximately HK$390 million.